Notwithstanding this economic growth estimates/projections for Greater London for 20 by the GLA and OBR indicate London outperforming the UK economy as a whole. In 2023, many of our selected global cities and their countries will be in recession. We hope that this report provides meaningful insight into how London is faring, and that policy makers and business can use it to make better decisions on many of the issues that affect London’s ability to prosper over the short, medium and longer term.Īuthors: Jon Tabbush, Zarin Mahmud (both Centre for London) and Alexander Jan (London Property Alliance)Īfter big rebounds post Covid-19, the world economy is struggling. The findings of this latest report lay bare not only London’s economic recovery post pandemic, but the impact of Brexit, the war in Ukraine and the aftershocks of a tumultuous political period in 2022. The London Property Alliance believes that London has an essential role in driving economic growth and prosperity for the whole of the UK, and is at its strongest when it is competing effectively internationally. Our capital city acts as a gateway to much of the rest of the UK for business, visitors and investment. Comparisons are made with London’s main competing global cities of New York, Paris, Berlin and Hong Kong.Īs the UK’s leading world city, London is competing for talent, private sector investment and visitors at a global level. ![]() ![]() Our analysis aims to promote a better understanding of London’s (largely economic) performance on the world stage, and present an empirical analysis of the capital based on data across a range of sectors. Published quarterly, this edition covers the last six months of 2022. This is the fifth Global Cities Survey launched by the London Property Alliance (LPA) with research undertaken by Centre for London.
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